OREANDA-NEWS. The Black Sea Trade and Development Bank (BSTDB) is providing a EUR 6 million loan to Fondi Besa SH.A., the largest non-bank micro finance institution in Albania.  The BSTDB loan proceeds will be on-lend to micro, and small and medium-sized enterprises (SMEs) in the country, supporting export growth and job creation.  The operation will also contribute to the strengthening of Albania’s non-banking financial sector.
 
“Supporting small and medium-sized business in the region is a priority of the Black Sea Trade and Development Bank. Strengthening the SME sector stands high on the development agenda of Albania, and the Bank is happy to cooperate with Fondi Besa in promoting increased competitiveness of local SMEs in line with Albania's economic policy objectives” said Andrey Kondakov, BSTDB President signing the loan agreement.